Question
Your company has just sold a piece of property for $500,000, but under the sales agreement, it wont receive the $500,000 until ten years from
Your company has just sold a piece of property for $500,000, but under the sales agreement, it wont receive the $500,000 until ten years from today. What is the present value of $500,000 to be received ten years from today if the discount rate is 6% annually?
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A First Course in Quantitative Finance
Authors: Thomas Mazzoni
1st edition
9781108411431, 978-1108419574
